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KFDA chief stresses change, challenge and collaboration

Lee Hee-sung, the new chief of the Korea Food and Drug Administration, said Tuesday that all officials should do their utmost with a pride. “If everyone fulfills its own task, he or she is able to be a top official...

Controversy mounts over regulation of warehouse size

Tension is escalating between Lee Han-woo, incumbent president of the Korea Pharmaceutical Wholesaler Association and two former KPWA executives over the size of warehouse specifying 80 pyung (1 pyung equals to 3.3 sq...

SBS TV drama depicts theme of new drug development

The theme of research and development for new drugs are being featured in the small screen. “Salarymen’s Chohanji”, which will be broadcast on Mondays and Tuesdays on SBS, is a comic drama depicting the scheme of t...

Restructuring hitting pharmaceutical sector

Korea’s pharmaceutical sector is heading for a fresh round of restructuring, with many drug makers contemplating a plan to push employees to opt for early retirement plans amid growing worries over the lackluster earn...

2012 welfare budget rises 10.6%

The government increased its welfare budget spending by 10.6 percent this year to boost social welfare and research projects for stronger economic growth potential. The Ministry of Health and Welfare said Saturday ...

Pharmaceutical shipment index down, export up

Despite the fact that the country’s shipment index of pharmaceuticals still fell in November, the volume of drug exports fared well in November, according to a market analyst. The market analyst said that the shipm...

Global expansion, R&D to drive up Green Cross

The fresh aim of the Green Gross is to solidify its position overseas and widen research and development in the life sciences industry. Among its diverse product portfolio, its core sectors are vaccines and blood p...

Wholesaler urges warehouse deregulation

The government needs to deregulate the size of a wholesale warehouse, said a president of Seoul Wholesaler Association, Monday. Han Sang-hoi, a promising candidate in the next president election of the Korea Pharma...

MOHW announces 14 pct. cut in coverage of pharmaceutical drugs

The government will slash the price of about half the drugs on the market by an average of 14 percent from this month, according to the Ministry of Health and Welfare. According to the ministry, 7,500 items of the ...

Drug makers seeking to brace for measure designed to reduce insurance expenditures

Korea’s pharmaceutical industry have a bleak outlook for this year as the government plans to slash the price of about half the drugs on the market by an average of 14 percent. The price cuts will be the largest si...

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